[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Condensed Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) This section presents S&T Bancorp's unaudited interim financial statements, detailing balance sheets, income, equity, and cash flows, reflecting asset growth and Q2 2025 net income [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets increased to **$9.81 billion** by June 30, 2025, driven by loan growth, with deposits rising to **$7.92 billion** and shareholders' equity to **$1.45 billion** Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$9,810,069** | **$9,657,972** | | Portfolio loans, net | $7,835,854 | $7,641,464 | | Securities available for sale | $1,021,183 | $987,591 | | **Total Liabilities** | **$8,364,576** | **$8,277,678** | | Total Deposits | $7,920,920 | $7,783,117 | | **Total Shareholders' Equity** | **$1,445,493** | **$1,380,294** | [Condensed Consolidated Statements of Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income) Q2 2025 net income decreased to **$31.9 million** from **$34.4 million** in Q2 2024, with diluted EPS at **$0.83**, while six-month net income remained stable Key Income Statement Data (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $86,572 | $83,594 | $169,895 | $167,071 | | Provision for credit losses | $1,974 | $422 | $(1,066) | $3,049 | | **Net Income** | **$31,900** | **$34,371** | **$65,301** | **$65,610** | | Earnings per share—diluted | $0.83 | $0.89 | $1.69 | $1.70 | | Dividends declared per share | $0.34 | $0.33 | $0.68 | $0.66 | [Consolidated Statements of Changes in Shareholders' Equity](index=5&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Shareholders%27%20Equity) Shareholders' equity increased to **$1.45 billion** by June 30, 2025, driven by net income and positive changes in other comprehensive income, partially offset by dividends - For the six months ended June 30, 2025, total shareholders' equity increased by **$65.2 million**, reflecting strong earnings and favorable movements in other comprehensive income[10](index=10&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash decreased by **$41.7 million** in the first half of 2025, with investing activities using **$208.7 million** primarily for loan growth, funded by financing and operating activities Six Months Ended June 30, Cash Flow Summary (in thousands) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $56,976 | $91,123 | | Net Cash Used in Investing Activities | $(208,712) | $(70,651) | | Net Cash Provided by (Used in) Financing Activities | $110,034 | $(7,774) | | **Net (decrease) increase in cash** | **$(41,702)** | **$12,698** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes provide detailed disclosures on accounting policies, fair value, securities, loans, and commitments, highlighting improved asset quality and reduced unrealized losses - The available-for-sale securities portfolio stood at **$1.02 billion**, with net unrealized losses decreasing to **$46.1 million** from **$71.7 million** at year-end 2024, primarily due to changes in interest rates[32](index=32&type=chunk)[34](index=34&type=chunk) - Total loans grew to **$7.93 billion**. The Allowance for Credit Losses (ACL) decreased to **$98.6 million**, or **1.24%** of total loans, at June 30, 2025, down from **1.31%** at December 31, 2024[36](index=36&type=chunk)[115](index=115&type=chunk) - Commitments to extend credit increased to **$2.53 billion** as of June 30, 2025, from **$2.38 billion** at the end of 2024[65](index=65&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, noting increased net interest income, improved asset quality, and balance sheet expansion driven by deposit growth, despite a decline in net income due to higher noninterest expenses [Executive Overview](index=29&type=section&id=Executive%20Overview) S&T Bancorp, a **$9.8 billion** bank holding company, outlines strategic priorities for 2025 focusing on deposit growth, profitability, asset quality, and talent investment - The company's strategic priorities for 2025 and beyond are focused on growing the deposit franchise, core profitability, asset quality, and talent and engagement[78](index=78&type=chunk) [Earnings Summary](index=29&type=section&id=Earnings%20Summary) Q2 2025 net income was **$31.9 million** (**$0.83** diluted EPS), a decrease from Q2 2024, with return on average assets at **1.32%** and tangible equity at **12.12%** Q2 2025 vs Q2 2024 Profitability | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net income | $31.9 million | $34.4 million | | Earnings per share - diluted | $0.83 | $0.89 | | Return on average assets | 1.32% | 1.45% | | Return on average tangible shareholders' equity (non-GAAP) | 12.12% | 15.01% | [Net Interest Income](index=31&type=section&id=Net%20Interest%20Income) Net interest income (FTE) increased by **3.4%** to **$87.2 million** in Q2 2025, with the FTE net interest margin expanding to **3.88%** due to an improved funding mix - Net interest income increased by **$3.0 million** (**3.56%**) in Q2 2025 compared to Q2 2024, primarily due to an improved funding mix and lower interest rates on liabilities[80](index=80&type=chunk) Net Interest Margin (FTE) (non-GAAP) | Period | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Interest Margin (FTE) | 3.88% | 3.85% | [Provision for Credit Losses](index=35&type=section&id=Provision%20for%20Credit%20Losses) The provision for credit losses increased to **$2.0 million** in Q2 2025, driven by higher provisions for unfunded commitments and charge-offs, despite improved asset quality - For the six months ended June 30, 2025, the provision for credit losses was a negative **$1.1 million**, a significant decrease from a **$3.0 million** provision in the same period of 2024, driven by improved asset quality and a **$4.2 million** reduction in specific reserves[81](index=81&type=chunk)[95](index=95&type=chunk) [Noninterest Income](index=35&type=section&id=Noninterest%20Income) Noninterest income remained flat at **$13.5 million** in Q2 2025, primarily due to the absence of security losses, offset by a decline in other noninterest income - The absence of security sale losses in Q2 2025 (**$0** vs **$3.2 million** loss in Q2 2024) was the primary driver for the stable noninterest income, offset by lower other income[97](index=97&type=chunk) [Noninterest Expense](index=35&type=section&id=Noninterest%20Expense) Total noninterest expense increased by **8.4%** to **$58.1 million** in Q2 2025, primarily driven by an **8.3%** rise in salaries and employee benefits Noninterest Expense Comparison (in thousands) | Expense Category | Q2 2025 | Q2 2024 | $ Change | | :--- | :--- | :--- | :--- | | Salaries and employee benefits | $32,907 | $30,388 | $2,519 | | Data processing and IT | $4,847 | $4,215 | $632 | | **Total Noninterest Expense** | **$58,114** | **$53,608** | **$4,506** | [Financial Condition](index=36&type=section&id=Financial%20Condition) Total assets grew to **$9.8 billion** by June 30, 2025, driven by loan portfolio expansion and funded by increased customer deposits, while shareholders' equity also rose - Total portfolio loans increased by **$191.5 million** (**2.5%**) in the first half of 2025, with growth in both commercial (**$148.8 million**) and consumer (**$42.7 million**) portfolios[102](index=102&type=chunk)[110](index=110&type=chunk) - Customer deposits grew by **$162.6 million**, while brokered deposits decreased by **$24.8 million**, indicating a strategic focus on core deposit growth[104](index=104&type=chunk)[117](index=117&type=chunk) - The allowance for credit losses (ACL) as a percentage of total loans decreased to **1.24%** from **1.31%** at year-end 2024, reflecting improved asset quality[115](index=115&type=chunk) - Nonaccrual loans decreased by **$6.6 million** to **$21.3 million**, representing just **0.27%** of total portfolio loans, down from **0.36%** at year-end 2024[116](index=116&type=chunk) [Liquidity and Capital Resources](index=41&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity and capital, with **$3.8 billion** in borrowing capacity exceeding uninsured deposits, and all regulatory capital ratios well above 'well-capitalized' thresholds Capital Ratios as of June 30, 2025 | Ratio (S&T Bancorp, Inc.) | Actual Ratio | Well-Capitalized Minimum | | :--- | :--- | :--- | | Tier 1 leverage | 12.18% | 5.00% | | Common equity tier 1 | 14.59% | 6.50% | | Tier 1 capital | 14.91% | 8.00% | | Total capital | 16.48% | 10.00% | - Total available borrowing capacity was **$3.8 billion**, providing significant coverage for the **$2.7 billion** in uninsured deposits[126](index=126&type=chunk)[118](index=118&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk, with its asset-sensitive balance sheet modeled to increase pretax net interest income by **0.7%** in a **+100 basis point** rate shock Interest Rate Sensitivity Analysis (June 30, 2025) | Change in Interest Rate (bps) | % Change in Pretax Net Interest Income (1-12 Months) | | :--- | :--- | | +200 | 1.2% | | +100 | 0.7% | | -100 | (1.9)% | | -200 | (4.4)% | [Item 4. Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that disclosure controls and procedures were effective as of the end of the reporting period[137](index=137&type=chunk) - No changes were made to internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[138](index=138&type=chunk) [PART II. OTHER INFORMATION](index=45&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material legal proceedings - There are no legal proceedings to report[141](index=141&type=chunk) [Item 1A. Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors have occurred since the last annual report - No material changes to risk factors have occurred since the last annual report[141](index=141&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not repurchase common stock in Q2 2025, but the Board extended its **$50 million** share repurchase plan until July 31, 2026 - No shares were repurchased during the second quarter of 2025[142](index=142&type=chunk) - The Board of Directors extended the **$50 million** share repurchase plan until July 31, 2026[142](index=142&type=chunk) [Item 6. Exhibits](index=46&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO/CFO certifications and XBRL data

Financial Data and Key Metrics Changes - The company reported an EPS of $0.83 and net income of $32 million, with a return on assets (ROA) of 1.32% and a pre-provision net revenue (PPNR) of 1.73% [8][19] - Net interest income increased by $3.3 million, or 3.9%, compared to the first quarter, with a net interest margin (NIM) expansion to 3.88%, up seven basis points [14][18] - Total assets exceeded $9.8 billion, driven by a 5% increase in loans [6][8] Business Line Data and Key Metrics Changes - Annualized loan growth was just over 5%, amounting to $98 million in Q2, primarily driven by commercial real estate balances, which increased by $58 million [9][10] - The mortgage and home equity businesses contributed a combined net growth of $26 million [10] - Customer deposit growth was $28 million, or 1.42% annualized, with non-interest bearing deposits representing 28% of total deposits [11][12] Market Data and Key Metrics Changes - The company maintained a stable allowance for credit losses at 1.24% of total loans, with non-performing assets (NPAs) remaining low [12][39] - The competitive landscape varies geographically, with the company maintaining significant market share in its core markets while being a disruptor in Ohio [64] Company Strategy and Development Direction - The company is focused on organic growth, with a clear path to reach $10 billion in total assets through loan growth and strategic initiatives [6][19] - There is an ongoing emphasis on improving asset quality and maintaining a solid deposit mix, with a disciplined approach to potential inorganic growth opportunities [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future loan growth, expecting to maintain a mid to high single-digit growth rate for the remainder of the year [25][50] - The company is actively monitoring the impact of economic changes and tariffs but has not seen significant adverse effects on growth [12][39] Other Important Information - The company added four new commercial bankers to enhance its commercial and industrial (C&I) lending efforts [10][53] - The tangible common equity (TCE) ratio increased by 18 basis points, positioning the company well for growth opportunities [18][19] Q&A Session Summary Question: What is the outlook for funding costs and loan growth? - Management indicated that successful deposit raising efforts could offset some pressure on margins, but growth might be slightly lower than the current NIM of 3.88% [23] Question: Can you clarify the potential upside in a higher for longer interest rate environment? - Management noted that benefits from repricing on loans and securities could yield a couple of basis points of upside, but it would not be significant [24] Question: What is the company's strategy regarding M&A? - Management confirmed that building long-term relationships is critical, and they are optimistic about participating in M&A as market uncertainty decreases [29] Question: How does the company view its credit quality and reserves? - Management aims to stabilize non-performing loans (NPLs) and maintain low charge-offs, with reserves currently at 1.24% of loans [39][42] Question: What is the expected impact of crossing the $10 billion asset threshold? - The Durbin hit is estimated between $6 million and $7 million annually, but the company has built infrastructure to manage this without significant additional expenses [43][56] Question: What are the primary drivers of loan growth in the second half of the year? - Management highlighted consistent growth across various business lines, particularly in commercial real estate and home equity, with a focus on maintaining strong pipelines [50][51]

Earnings and Profitability - The company reported earnings per share (EPS) of $0.83 and net income of $31.9 million[8] - Return on Assets (ROA) was 1.32% and Return on Equity (ROE) was 8.91%[8] - Return on Average Tangible Shareholders' Equity (ROTE) reached 12.12%, while Pre-Provision Net Revenue (PPNR) was 1.73%[8] Balance Sheet - Loan growth amounted to $98.1 million, representing an annualized growth rate of 5.02%[8, 18] - Deposit growth was $28.0 million, with an annualized growth rate of 1.42%[8, 18] - The company's total deposits reached $7.921 billion in 2Q25, compared to $7.893 billion in 1Q25[15] Asset Quality - The Allowance for Credit Losses (ACL) ratio was 1.24%[8, 26] - Net loan charge-offs were $1.2 million, or 0.06% of total loans[8, 26] - Nonperforming Assets (NPAs) represented 0.27% of total portfolio loans plus OREO[8, 26] Net Interest Income - Net interest income grew by $3.3 million, a 3.90% increase compared to 1Q25[10, 32] - Net Interest Margin (NIM) expanded by 7 basis points to 3.88%[8, 10, 32] Noninterest Income and Expense - Noninterest income totaled $13.5 million, a $3.1 million increase compared to 1Q25[34] - Noninterest expense was $58.1 million, a $3.0 million increase compared to 1Q25, primarily due to higher salaries & benefits[39] Capital Adequacy - Tangible Common Equity (TCE) to Tangible Assets (TA) ratio was 11.34%[44, 49]

分组1 - S&T Bancorp reported quarterly earnings of $0.83 per share, exceeding the Zacks Consensus Estimate of $0.80 per share, but down from $0.89 per share a year ago, representing an earnings surprise of +3.75% [1] - The company posted revenues of $100.07 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.46%, compared to year-ago revenues of $96.9 million [2] - S&T Bancorp has surpassed consensus EPS estimates in all four of the last quarters, while it has topped consensus revenue estimates only once during the same period [2] 分组2 - The stock has added about 1.1% since the beginning of the year, underperforming the S&P 500's gain of 8.1% [3] - The current consensus EPS estimate for the coming quarter is $0.79 on revenues of $99.52 million, and for the current fiscal year, it is $3.26 on revenues of $395.43 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

[S&T Bancorp, Inc. Second Quarter 2025 Results](index=1&type=section&id=S%26T%20Bancorp%2C%20Inc.%20Second%20Quarter%202025%20Results) This report presents S&T Bancorp's Q2 2025 financial results, covering performance, statements, and non-GAAP measures [Performance Overview](index=1&type=section&id=Performance%20Overview) S&T Bancorp reported Q2 2025 net income of $31.9 million, driven by increased net interest income and improved asset quality [Second Quarter 2025 Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) Key financial results and performance ratios for Q2 2025 show net income, EPS, and asset quality metrics Q2 2025 Key Financial Results | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net Income | $31.9 million | $33.4 million | $34.4 million | | Diluted EPS | $0.83 | $0.87 | $0.89 | Q2 2025 Key Performance Ratios | Ratio | Q2 2025 | Q1 2025 | | :--- | :--- | :--- | | Return on average assets (ROA) | 1.32% | 1.41% | | Return on average equity (ROE) | 8.91% | 9.67% | | Return on average tangible equity (ROTE) (non-GAAP) | 12.12% | 13.29% | | Pre-provision net revenue to average assets (PPNR) (non-GAAP) | 1.73% | 1.73% | - Total portfolio loans increased by **$98.1 million** (**5.02%** annualized) and total deposits grew by **$28.0 million** (**1.42%** annualized) compared to the previous quarter[5](index=5&type=chunk) - Nonperforming assets improved, decreasing by **$1.1 million** to **$21.3 million**, representing **0.27%** of total loans plus OREO[5](index=5&type=chunk) [Net Interest Income](index=1&type=section&id=Net%20Interest%20Income) Net interest income increased due to asset growth and favorable repricing, despite lower liability costs Net Interest Income and Margin (QoQ) | Metric | Q2 2025 | Q1 2025 | Change | | :--- | :--- | :--- | :--- | | Net Interest Income | $86.6 million | $83.3 million | +$3.3 million (3.90%) | | NIM (FTE) (non-GAAP) | 3.88% | 3.81% | +7 bps | - The growth in net interest income was driven by a **$112.5 million** increase in average interest-earning assets and favorable asset repricing[4](index=4&type=chunk) - Total interest-bearing liability costs decreased by **3 basis points** to **2.84%**, primarily due to the repricing of certificates of deposits[4](index=4&type=chunk) [Asset Quality](index=2&type=section&id=Asset%20Quality) Asset quality remained strong with a decrease in nonperforming assets and a slight increase in credit loss provision - The allowance for credit losses (ACL) stood at **$98.6 million**, or **1.24%** of total portfolio loans, at the end of Q2 2025, a slight decrease from **1.26%** in Q1 2025[6](index=6&type=chunk) - The provision for credit losses was **$2.0 million** for Q2 2025, compared to a negative provision of **$3.0 million** in Q1 2025, which was influenced by net recoveries and a decrease in specific reserves[6](index=6&type=chunk) - Net charge-offs were **$1.2 million** (**0.06%** of average loans) in Q2 2025, compared to net recoveries in the prior quarter[6](index=6&type=chunk) [Noninterest Income and Expense](index=2&type=section&id=Noninterest%20Income%20and%20Expense) Noninterest income increased due to prior period losses, while expenses rose from higher salaries and benefits - Noninterest income increased by **$3.1 million** to **$13.5 million** in Q2 2025, primarily because Q1 2025 included a **$2.3 million** realized loss from securities repositioning[7](index=7&type=chunk) - Total noninterest expense rose by **$3.0 million** to **$58.1 million**, mainly due to a **$3.1 million** increase in salaries and employee benefits from annual merit increases, higher incentives, and medical costs[7](index=7&type=chunk) [Financial Condition](index=2&type=section&id=Financial%20Condition) Total assets and loans grew, deposit mix shifted, and capital ratios remained strong, exceeding well-capitalized thresholds - Total assets grew to **$9.8 billion** at June 30, 2025, from **$9.7 billion** at March 31, 2025[8](index=8&type=chunk) - Loan growth was driven by increases in commercial real estate (+$58.0 million) and consumer loans (+$30.8 million)[8](index=8&type=chunk) - Deposit mix shifted, with increases in noninterest-bearing demand, money market, and CDs, offset by decreases in interest-bearing demand and savings accounts[8](index=8&type=chunk) - The company maintains a strong regulatory capital position, with all capital ratios exceeding the well-capitalized thresholds[9](index=9&type=chunk) [Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Consolidated%20Financial%20Statements%20%28Unaudited%29) Unaudited financial statements show Q2 net income of $31.9 million, asset growth to $9.8 billion, and strong asset quality [Statements of Income](index=5&type=section&id=Statements%20of%20Income) Income statements detail quarterly and six-month financial performance, including net interest income and net income Quarterly Income Statement Highlights (in thousands) | Line Item | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net Interest Income | $86,572 | $83,323 | $83,594 | | Provision for credit losses | $1,974 | ($3,040) | $422 | | Total Noninterest Income | $13,500 | $10,429 | $13,305 | | Total Noninterest Expense | $58,114 | $55,091 | $53,608 | | **Net Income** | **$31,900** | **$33,401** | **$34,371** | Six Months Ended June 30 Income Statement Highlights (in thousands) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | Net Interest Income | $169,895 | $167,071 | | Provision for credit losses | ($1,066) | $3,049 | | Total Noninterest Income | $23,929 | $26,135 | | Total Noninterest Expense | $113,205 | $108,128 | | **Net Income** | **$65,301** | **$65,610** | [Balance Sheets](index=7&type=section&id=Balance%20Sheets) Balance sheets show asset and deposit growth, loan portfolio expansion, and strong capitalization ratios Balance Sheet Highlights (in thousands) | Line Item | June 30, 2025 | Mar 31, 2025 | June 30, 2024 | | :--- | :--- | :--- | :--- | | Total Portfolio Loans | $7,934,434 | $7,836,349 | $7,713,570 | | Total Assets | $9,810,069 | $9,718,276 | $9,635,462 | | Total Deposits | $7,920,920 | $7,892,933 | $7,680,336 | | Total Shareholders' Equity | $1,445,493 | $1,418,034 | $1,321,443 | Capitalization Ratios | Ratio | June 30, 2025 | Mar 31, 2025 | June 30, 2024 | | :--- | :--- | :--- | :--- | | Shareholders' equity / assets | 14.73% | 14.59% | 13.71% | | Common equity tier 1 capital | 14.59% | 14.67% | 13.89% | | Risk-based capital - total | 16.48% | 16.57% | 15.79% | [Net Interest Margin Analysis](index=8&type=section&id=Net%20Interest%20Margin%20Analysis) Net interest margin analysis details quarterly and year-to-date trends in asset yields and liability costs Quarterly Net Interest Margin (FTE) Breakdown | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Yield on Interest-earning Assets | 5.76% | 5.70% | 5.91% | | Cost of Interest-bearing Liabilities | 2.84% | 2.87% | 3.10% | | **Net Interest Margin (FTE)** | **3.88%** | **3.81%** | **3.85%** | - For the six months ended June 30, the Net Interest Margin (FTE) was stable at **3.84%** for both 2025 and 2024[20](index=20&type=chunk) [Asset Quality Details](index=10&type=section&id=Asset%20Quality%20Details) Detailed asset quality metrics show improvements in nonaccrual loans and changes in net charge-offs Asset Quality Ratios | Ratio | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Nonaccrual loans / total loans | 0.27% | 0.29% | 0.45% | | Allowance for credit losses / total portfolio loans | 1.24% | 1.26% | 1.38% | | Net loan charge-offs (annualized) / avg loans | 0.06% | (0.00%) | (0.02%) | - Total nonaccrual loans decreased to **$21.3 million** in Q2 2025 from **$22.3 million** in Q1 2025 and **$34.9 million** in Q2 2024[21](index=21&type=chunk)[22](index=22&type=chunk) - The company experienced net loan charge-offs of **$1.2 million** in Q2 2025, compared to net recoveries of **$27 thousand** in Q1 2025 and **$388 thousand** in Q2 2024[21](index=21&type=chunk) [Non-GAAP Financial Measures](index=4&type=section&id=Non-GAAP%20Financial%20Measures) Non-GAAP financial measures provide insights into operational performance, with detailed reconciliations for key metrics like ROTE and PPNR - Management uses non-GAAP measures to provide investors with a clearer understanding of underlying operational performance and business trends[15](index=15&type=chunk) - Key non-GAAP measures include: tangible book value, return on average tangible shareholder's equity, PPNR to average assets, efficiency ratio, tangible common equity to tangible assets, and net interest margin on an FTE basis[15](index=15&type=chunk) Reconciliation of Efficiency Ratio (non-GAAP) for Q2 2025 (in thousands) | Item | Amount | | :--- | :--- | | Noninterest expense | $58,114 | | Net interest income (FTE) | $87,162 | | Noninterest income (adjusted) | $13,500 | | **Total Revenue (adjusted)** | **$100,662** | | **Efficiency Ratio (non-GAAP)** | **57.73%** | [Supplementary Information](index=2&type=section&id=Supplementary%20Information) Supplementary information includes company overview, conference call details, and forward-looking statements outlining various risks and uncertainties [Company Overview and Conference Call](index=2&type=section&id=Company%20Overview%20and%20Conference%20Call) Company overview details S&T Bancorp's operations and announces the Q2 2025 earnings conference call - S&T Bancorp, Inc. is a **$9.8 billion** bank holding company headquartered in Indiana, Pennsylvania, with its principal subsidiary, S&T Bank, operating in Pennsylvania and Ohio[11](index=11&type=chunk) - The company will host its second quarter 2025 earnings conference call via webcast at 1:00 p.m. ET on Thursday, July 24, 2025[10](index=10&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) Forward-looking statements discuss potential risks and uncertainties affecting future financial performance, cautioning against undue reliance - The report contains forward-looking statements regarding financial condition, results of operations, and business strategy, which are subject to various risks and uncertainties[12](index=12&type=chunk) - Key risk factors mentioned include credit losses, interest rate sensitivity, cybersecurity concerns, regulatory changes, and general economic conditions[12](index=12&type=chunk)[13](index=13&type=chunk) - Readers are cautioned not to place undue reliance on these statements, as they are based on information available at the time and are not guarantees of future performance[14](index=14&type=chunk)

Core Insights - S&T Bancorp, Inc. reported a net income of $31.9 million, or $0.83 per diluted share, for Q2 2025, a decrease from $33.4 million, or $0.87 per diluted share, in Q1 2025 and $34.4 million, or $0.89 per diluted share, in Q2 2024 [1][16]. Financial Performance - Net interest income increased by $3.3 million, or 3.90%, to $86.6 million in Q2 2025 compared to $83.3 million in Q1 2025 [4]. - Average interest-earning assets rose by $112.5 million to $9.0 billion in Q2 2025 from $8.9 billion in Q1 2025 [4]. - The net interest margin (NIM) expanded by 7 basis points to 3.88% in Q2 2025 from 3.81% in Q1 2025 [4][22]. Asset Quality - The allowance for credit losses (ACL) was $98.6 million, or 1.24% of total portfolio loans, at June 30, 2025, compared to $99.0 million, or 1.26%, at March 31, 2025 [5]. - Nonperforming assets decreased by $1.1 million to $21.3 million, or 0.27% of total loans plus other real estate owned (OREO), from $22.4 million, or 0.29%, at March 31, 2025 [5][7]. Noninterest Income and Expense - Noninterest income increased by $3.1 million to $13.5 million in Q2 2025 compared to $10.4 million in Q1 2025, primarily due to higher debit and credit card fees and service charges [6]. - Total noninterest expense rose by $3.0 million to $58.1 million compared to $55.1 million in Q1 2025, with salaries and employee benefits increasing by $3.1 million [6]. Financial Condition - Total assets were $9.8 billion at June 30, 2025, compared to $9.7 billion at March 31, 2025 [7]. - Total portfolio loans increased by $98.1 million, or 5.02% annualized, compared to March 31, 2025 [7]. - Total deposits increased by $28.0 million, or 1.42% annualized, compared to March 31, 2025 [8]. Capital Position - S&T Bancorp maintained a strong regulatory capital position with all capital ratios above the well-capitalized thresholds set by federal bank regulatory agencies [9].

Company Overview - S&T Bancorp (STBA) is expected to report earnings for the quarter ended June 2025, with a consensus estimate of $0.79 per share, reflecting a year-over-year decline of 11.2% [3] - Revenues are projected to remain flat at $96.9 million compared to the same quarter last year [3] Earnings Expectations - The earnings report is anticipated to be released on July 24, and the stock may rise if actual results exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4] Earnings Surprise Prediction - The Most Accurate Estimate for S&T Bancorp is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.27%, suggesting a bearish outlook from analysts [12] - The company currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [12] Historical Performance - In the last reported quarter, S&T Bancorp exceeded the expected earnings of $0.74 per share by delivering $0.87, resulting in a surprise of +17.57% [13] - The company has beaten consensus EPS estimates in each of the last four quarters [14] Industry Context - In the Zacks Banks - Northeast industry, Bridgewater (BWB) is expected to report earnings of $0.35 per share for the same quarter, indicating a year-over-year increase of 34.6% [18] - Bridgewater's revenue is projected to rise by 27.4% to $34.1 million, although its Earnings ESP is -1.45%, reflecting a bearish sentiment [19]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with S&T Bancorp (STBA) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperforming the market, with STBA rated as 2 (Buy) [3] Group 2: Performance Metrics - STBA shares have increased by 5.58% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 4.31% [5] - Over the past quarter, STBA shares have risen by 15.86%, and by 16.8% over the last year, compared to the S&P 500's increases of 10.42% and 14.64% respectively [6] - The average 20-day trading volume for STBA is 138,538 shares, indicating a bullish sign when combined with rising stock prices [7] Group 3: Earnings Outlook - In the past two months, two earnings estimates for STBA have been revised upwards, increasing the consensus estimate from $3.15 to $3.26 [9] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [9] Group 4: Conclusion - Given the positive performance metrics and earnings outlook, STBA is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]

Core Points - S&T Bancorp, Inc. will hold a conference call to discuss its second quarter 2025 earnings on July 24, 2025, at 1:00 p.m. ET [1][3] - The earnings release will be made available before the market opens on the same day [2][5] - The conference call will be accessible via webcast on the company's Investor Relations webpage [3][6] Company Information - S&T Bancorp, Inc. is a bank holding company with total assets of $9.7 billion, headquartered in Indiana, Pennsylvania, and trades on NASDAQ under the symbol STBA [6] - The principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio [6]

Core Points - S&T Bank has been recognized as a Northeast Ohio Top Workplaces 2025 award winner based on employee feedback from a third-party survey conducted by Energage, LLC [1][2] - The Top Workplaces award highlights companies that foster exceptional workplace cultures, measuring factors such as employee empowerment, engagement, and alignment with company values [2][3] - S&T Bank's CEO, Chris McComish, expressed pride in the team's engagement and commitment to serving customers and communities [3] - The Chief Human Resources Officer, Susan Nicholson, emphasized the importance of employee feedback in achieving the Top Workplaces recognition, indicating a strong connection between employees and the bank [3] Company Overview - S&T Bancorp, Inc. is a bank holding company with assets of $9.7 billion, headquartered in Indiana, Pennsylvania, and trades on NASDAQ under the symbol STBA [4] - S&T Bank, the principal subsidiary, was established in 1902 and operates in Pennsylvania and Ohio [4] About Energage - Energage is a company focused on improving workplace culture through employee feedback, having surveyed over 27 million employees across more than 70,000 organizations [5] - The company provides tools and guidance to help organizations gain recognition for their employee-centric culture [5]